Environment minister unveils £30m for nature on Biodiversity Day at COP27

16th November 2022


UK environment minister Thérèse Coffey has today pledged £30m for nature projects at COP27 on Biodiversity Day.

The finance will go to the Big Nature Impact Fund – a new public-private fund for nature in the UK which will unlock private investment into projects such as new tree planting and restoring peatlands.

Coffey also unveiled a further £12m for the Ocean Risk and Resilience Action Alliance to protect and restore vulnerable coastal communities and habitats, as well as £6m to help support developing countries enhancing nature through the UNDP Climate Promise.

In addition, the Inter-American Development Bank’s (IDB) Multi-Donor Trust Fund for the Amazon will receive £5m to tackle deforestation through community-led projects while harnessing local knowledge and providing business opportunities for Indigenous People.

The funding comes ahead of next month’s vital meeting of the UN Convention on Biological Diversity in Montreal (COP15), for which IEMA has organised a webinar.

Coffey called on countries to come together at the summit to agree a robust global plan for tackling nature loss.

Speaking in Sharm El-Sheikh, she said: “Over half of the world’s GDP is reliant on nature, which is why the UK put nature at the heart of our COP26 presidency and led calls to protect 30% of land and ocean by 2030.

“At next month’s COP15 we will strive for an ambitious agreement that includes a global 30 by 30 target, a commitment to halt and reverse biodiversity loss, and an increase in resources for the conservation and protection of nature from all sources.”

While significant progress has been made, the Department for Environment, Food and Rural Affairs (Defra) believes that more action is needed from the public and private sectors to bridge a $700bn funding gap needed to stop nature loss.

The environment minister also today sought to raise awareness of the importance of mangroves and their role in coastal resilience by endorsing the Mangrove Breakthrough led by the UNFCCC High-Level Champions and the Global Mangrove Alliance.

She also highlighted the climate benefits of blue carbon by giving support for the new Global Ocean Decade Programme for Blue Carbon, which has now launched a new Global Graduate scheme for early career blue carbon researchers.

Lord Goldsmith, minister for international environment, climate, forests & energy, welcomed today’s announcements, adding: “The fastest route to net zero is restoring the world’s forests and protecting nature. And the value of forests and other ecosystems goes so much further than climate.

“The greatest guardians of nature has always been indigenous people, which is why the UK is delighted to support communities in the Amazon in their efforts to protect and restore their environment.”

Subscribe

Subscribe to IEMA's newsletters to receive timely articles, expert opinions, event announcements, and much more, directly in your inbox.


Transform articles

Fifth of UK food firms unprepared for deforestation regulation

One in five UK food businesses are not prepared for EU Deforestation Regulation (EUDR) coming into force in December, a new survey has uncovered.

16th May 2024

Read more

Vanessa Champion reveals how biophilic design can help you meet your environmental, social and governance goals

4th April 2024

Read more

Regulatory gaps between the EU and UK are beginning to appear, warns Neil Howe in this edition’s environmental legislation round-up

4th April 2024

Read more

Five of the latest books on the environment and sustainability

3rd April 2024

Read more

A hangover from EU legislation, requirements on the need for consideration of nutrient neutrality for developments on many protected sites in England were nearly removed from the planning system in 2023.

2nd April 2024

Read more

The UK’s new biodiversity net gain (BNG) requirements could create 15,000 hectares of woodlands, heath, grasslands, and wetlands and absorb 650,000 tonnes of carbon each year.

13th March 2024

Read more

All major housing developments in England will be required by law to deliver at least a 10% increase in biodiversity under new rules that came into force today.

12th February 2024

Read more

As we approach the 40th anniversary of the Born Free Foundation, co-founder Will Travers OBE tells Chris Seekings how a new approach to conservation is needed to end animal suffering

1st February 2024

Read more

Media enquires

Looking for an expert to speak at an event or comment on an item in the news?

Find an expert

IEMA Cookie Notice

Clicking the ‘Accept all’ button means you are accepting analytics and third-party cookies. Our website uses necessary cookies which are required in order to make our website work. In addition to these, we use analytics and third-party cookies to optimise site functionality and give you the best possible experience. To control which cookies are set, click ‘Settings’. To learn more about cookies, how we use them on our website and how to change your cookie settings please view our cookie policy.

Manage cookie settings

Our use of cookies

You can learn more detailed information in our cookie policy.

Some cookies are essential, but non-essential cookies help us to improve the experience on our site by providing insights into how the site is being used. To maintain privacy management, this relies on cookie identifiers. Resetting or deleting your browser cookies will reset these preferences.

Essential cookies

These are cookies that are required for the operation of our website. They include, for example, cookies that enable you to log into secure areas of our website.

Analytics cookies

These cookies allow us to recognise and count the number of visitors to our website and to see how visitors move around our website when they are using it. This helps us to improve the way our website works.

Advertising cookies

These cookies allow us to tailor advertising to you based on your interests. If you do not accept these cookies, you will still see adverts, but these will be more generic.

Save and close